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Copper futures end lower on Tuesday

11 Nov 2020 Evaluate

Copper futures ended lower on Tuesday, despite hopes for quick global economic recovery from the pandemic-driven crisis after American pharmaceutical giant Pfizer had said its experimental Covid-19 vaccine is more than 90 percent effective based on initial trial results.

Copper futures for December delivery fell $0.0005 to settle at $3.1555 a pound on the Comex metals division of New York Mercantile Exchange. However, Copper on the London Metal Exchange was up 0.23% at $6,932 a ton.